Antimicrobial Plastic Market worth 16.17 Billion USD by 2020

The report “Antimicrobial Plastic Market by Type (Commodity Plastic, Engineering Plastic, and High Performance Plastic) by Application (Healthcare, Packaging, Consumer Goods, Automotive, Construction, and Others) & by Region - Global Forecast to 2020”, defines and segments the antimicrobial plastic market and forecasts the market size, by value and volume. The antimicrobial plastic market size, in terms of value, is projected to reach USD 16.17 billion by 2020, at a CAGR of 8.7%, between 2015 and 2020.

Antimicrobial plastic are a type of polymer material infused with antimicrobial agents and additives such as organic-metallic biocides and arseni-based oxybisphenox arsine (OBPA). Antimicrobial plastic are mainly used to kill microorganisms such as bacteria, algae, and fungi, and inhibit their growth in the end-use products. The antimicrobial plastic market is mainly being driven by the growing consumer awareness regarding health-related issues, rapid urbanization, and growing population in Asia-Pacific & South American regions. The key factors restraining this market include volatility in raw material prices and stringent regulations. The manufacturing cost of antimicrobial plastic is high, which increases the overall cost of the existing products, which majorly affects the profit margins of the manufacturers. Unexplored antimicrobial plastic in textiles and houseware application in emerging markets offers various opportunities to antimicrobial plastic manufacturers.

Commodity plastic is the key type of antimicrobial plastic followed by engineering plastic and high performance plastic. Commodity plastic is the largest segment that accounts for 60.0% share of the antimicrobial plastic market. The Asia-Pacific region dominated the demand for commodity plastic type of antimicrobial plastic, followed by North America and Europe. The engineering plastic segment is projected to witness the highest CAGR of 8.8%, between 2015 and 2020.

Health care is the key application of antimicrobial plastic followed by packaging and consumer goods. It is the largest application in the antimicrobial plastic market and accounts for more than one-third share of the market. The Asia-Pacific region dominated the market for health care application of antimicrobial plastic, followed by North America and Europe. Health care and packaging applications are projected to witness the highest CAGR of 8.8%, between 2015 and 2020.

The report covers the antimicrobial plastic market and its trends in five regions, Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America. The market has also been analyzed on the basis of applications, such as health care, packaging, consumer goods, automotive, construction, among others. The market has also been segmented and analyzed on the basis of types, which include commodity plastic, engineering plastic and high performance plastic.

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